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News
Transport delays prompt Honda to suspend production at UK plant
December 10, 2020 11:43 PM AEDT| By Team Kalkine MediaJapanese auto major Honda Motor has said that it will suspend most operations at its plant in the UK due to parts shortage. Due to the pandemic, most shipments to Britain have got delayed, which has hit the production. The automaker is lo...
Tesco chief says consumers will be hit with higher prices if there is no-Brexit deal
December 10, 2020 11:42 PM AEDT| By Team Kalkine MediaTesco Plc’s (LON: TSCO) chairman John Allan has said that a no-deal Brexit would mean short-term disruptions in supplies and higher prices for consumers Allan said consumers might have to pay 3 to 5 per cent more on food items due to...
Just Eat offers couriers hourly wages
December 10, 2020 11:38 PM AEDT| By Team Kalkine MediaFood delivery company Just Eat Takeaway.Com N.V. (LON: JET) has said it would pay its couriers by the hour than per job. This would mean that the riders will be either full-time, part-time employees or on zero hours contracts. The company...
Why DJIA, S&P 500, and Nasdaq tripped from record highs?
December 10, 2020 08:45 PM AEDT| By Kunal SawhneySummary US stock markets failed to sustain the record high peaks on 9 December All three major stock indices including Dow Industrials, S&P 500, and Nasdaq ended in the negative territory A rout in the shares of heavyweight tech companies .....
Pfizer vaccine update: People with serious allergies told to avoid the shot
December 10, 2020 07:04 PM AEDT| By Kunal SawhneySummary UK began its mass inoculation drive this Tuesday It was the first nation to approve the Pfizer/BioNTech vaccine last week, which displayed an efficacy rate of 95 per cent Anyone with a known history of anaphylaxis to a vaccine, foo.....
Why did Kelly Loeffler evade a question during Georgia debate?
December 10, 2020 04:18 PM AEDT| By Edita Ivancevicicials informed of the upcoming pandemic. The DOJ had dismissed those allegations. Republican Senator Kelly Loeffler has come under spotlight after she attempted to steer clear of a question during a Sunday night debate held in Georgia. Loeffle...
In a first, Australia to make Facebook, Google pay for news content
December 10, 2020 03:17 PM AEDT| By Hina ChowdharyOn 8 December 2020, Australia unveiled its plans to make Facebook and Google to pay to the local media outlets for the news content. Australia has become the first country in the world to do so. Treasurer Josh Frydenberg mentioned that the two techn...
DoorDash (NYSE:DASH) makes a smashing debut, shares soar ~86% on day one
December 10, 2020 02:19 PM AEDT| By Team Kalkine MediaOn 09 December 2020, DoorDash made is NYSE debut on New York Stock Exchange, and by the end of the trading session, the shares surged by 85.89%, settling at US$189.51. DoorDash is a technology company that links people with the best in their citie.....
US Government Sues Facebook, Seeks its Breakup
December 10, 2020 12:08 PM AEDT| By Hina ChowdharyThe Federal Trade Commission (FTC) has sued Facebook on antitrust grounds. The investigation into the matter was conducted in coordination with the Attorney Generals of 46 states. They are alleging that the social media giant has engaged in a stra.....
London Equities Ended on a Positive Note; Rally Seen in Utility and Technology Counters
December 10, 2020 04:42 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 20.50 points or 0.55 per cent lower at 3,681.75, Dow Jones Industrial Average Index dipped by 99.15 points or 0.33 per cent lower at 30,074.73...
Time Finance Plc (LON: TIME) report steady growth in the net lending book
December 10, 2020 03:10 AM AEDT| By Team Kalkine MediaTime Finance Plc (LON: TIME) has released its half year trading statement for the period ended on 30 November 2020. Company’s result remained in line with expectation, and the Group experienced steadily increasing new busines...
Nakama Group Plc (LON: NAK) to dispose of four businesses
December 10, 2020 03:10 AM AEDT| By Team Kalkine MediaNakama Group Plc (LON: NAK) will be disposing of its four operating businesses to a privately owned recruitment business, Sanderson. The businesses to be disposed of includes, being Highams, Nakama Singapore, Nakama HK and the Nakama UK Bu...
Duke Royalty Limited (LON: DUKE) intends to revert to the payment of cash dividends
December 10, 2020 03:09 AM AEDT| By Team Kalkine MediaDuke Royalty Limited (LON: DUKE) has released the results for the six months ended 30 September 2020. The company reported a decline in cash revenue for the reported period to £4.4 million as compared to £5.0 million in the sam...
UK to suspend tariffs on US goods
December 10, 2020 03:09 AM AEDT| By Team Kalkine MediaThe UK government in a bid to reduce trade tensions with the US has decided to drop the tariffs on $4 billion of US goods, which the EU had imposed in November. The multi-billion-dollar tariff clash between the US and the EU is a long-runn...
CMA to probe recent £6.8bn takeover deal of Asda
December 10, 2020 03:08 AM AEDT| By Team Kalkine MediaThe Competition and Markets Authority (CMA) has decided to investigate the acquisition of Asda, which was worth £6.8 billion. CMA has launched the phase one probe and has asked the concerned parties to submit their response by 22 Dec...
Allied Universal to take over rival firm G4S (LON: GFS) in £3.8bn deal
December 10, 2020 03:07 AM AEDT| By Team Kalkine MediaUS security firm Allied Universal Security Services will take over its British rival G4S Plc (LON: GFS) for £3.8 billion. Under the agreement, G4S shareholders would get 245p a share, which is up from the previous offer of 210p a sha...
Covid-19 update: medicine regulator to assess the dose regimen for AstraZeneca vaccine
December 10, 2020 12:26 AM AEDT| By Kunal SawhneyThe UK medical regulator would be examining the data from the clinical trials of the Covid-19 vaccine developed jointly by Oxford University and AstraZeneca. The body would be assessing which dosing regimen is best for usage, said June Raine, chief.....
Nestle SA subsidiary to Invest $550 Million For Pet Food Factory’s Expansion in Georgia
December 10, 2020 12:21 AM AEDT| By Team Kalkine MediaIn a move to meet the ever-growing demand for the company’s high-quality and healthy pet care brands, Nestle Purina PetCare, subsidiary of Nestle SA, has decided to invest $550 million for the expansion of its pet food production capa.....
China’s Consumer Prices lowest in more than a decade
December 09, 2020 08:33 PM AEDT| By Team Kalkine MediaChina’s consumer prices went down for the first time in a decade, after pork prices fell courtesy recovery from the last year’s African swine fever. Economists had forecast a flat year-on-year CPI outcome after a 0.5% rise in October. As...
OPEC+ agrees to crank up oil production from January
December 09, 2020 07:59 PM AEDT| By Team Kalkine MediaIn a significant move, OPEC and non-OPEC allies have agreed to raise their oil production starting January, after a meeting on 3 December 2020. The decision came after days of marathon discussions, which were focused on building accord over how to .....
AI on the Rise: A Look at Top AI Companies and Their Stocks